EC411 Microeconomics
www.lse.ac.uk/resources/calendar/courseGuides/EC/2023_EC411.htm
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We begin by presenting foundations to utility maximization, by analysing the optimisation problems of price-taking consumers and firms, and by modelling market interactions and the formation of prices in perfectly competitive markets. Then we study models of decision making under uncertainty and game theoretic solution concepts.
Novel developments
models of imperfect competition and information economics.
monopoly, oligopoly, product differentiation, and public goods
imperfect and incomplete information including search, adverse selection, auctions, signalling, screening, and moral hazard.
economic applications.
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